The Features Of Car Insurance Cover
No-claims discount: The key fact of your insurance policy is the no claims discount (NCD). Depending on your insurers, you may reduce the price by up to 57.5 percent or as little as 27 percent for a years driving with no claims made
For notching up four years of claim free driving you can get a no claims discount of 60 to 70 % If you are an older driver some insurers offer a higher maximum. If you file a claim your no claims discount may be reduced, by how much will be up to the insurance companies. In the best cases your no claims discount could be reduced by 3%. If you are under 50, this could belowered by up to 22percent. You may receivean even further cut if during a period of 3 to 5 years you need to claim again .
Protected noclaims discount: With certain insurers, after 4 years , you can protect your NCD. This will cost you somewhere in the region of 10 to 15 per cent of your premium. Having once protected your NCD , claiming once a year will have no effect on your premium. If you make 2 claims some insurers will not affect your NCD where others will reduce it to as little as 45 percent
Driving other cars: Some insurers allow the policyholder to drive other cars with thirdparty cover in emergency situations.
Named drivers: Named drivers are added to a family members or partner’s policy. They can drive that person’s car but cannot drive other cars with insurance cover. There are some insurance companies who allow named drivers to accumulate their own no claims discount.
Choice of repairer: Be careful to use the insurance companies choice of approved repairers, because if you don’t they will not pay for the repairs.
Courtesy car: Many of the insurers will provide courtesy cars, providing you have used their approved repairer.It is very helpful if your car is off the road for quite a while.On the other hand some insurance companies will only give you a courtesy car if you have been involved in an accident, not if the car was stolen. If you car was stolen other insurers can charge an added premium for providing a courtesy car.
Personal belongings: If your personal belongings are stolen, very few insurers will replace them with new. Most of them factor the age and state of each item before they make a decision on how much to pay.The majority of insurers factor the age and condition of the items, before deciding how much to pay out.
Medical expenses and legal protection: There are some insurance companies who will cover dental work or physiotherapy should this be needed as the result of an accident. The legal expenses incurred as a result of a car insurance claim are covered be motor legal protection.
In car audio equipment: Most of the insurers will restrict the amount of cover for equipment not supplied and fitted by the manufacturer. This may be as low as £100 but this can vary between insurance companies.
Sat navs: Always make sure wether your sat nav is covered. Even if it is covered it may not be worth claiming.Even though it is covered it may not be worth claiming. For your first claim your policy excess may be 100 pounds but a cheap sat nav costs around this. When you make a claim you lose your no claims bonus and this in the long run will turn out to be more expensive.It could well be cheaper to purchase a new sat nav rather than losing your no claims bonus.
Age limits: With insurance policies there is often a lower and upper age limit. The upper limit has a tendancy to be lower if taking out a brand new insurance policy.
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